Tesla Inc.'s TSLA recent “We, Robot” event, which showed the Cybertaxi and RoboVanleft many wondering how this could affect the ridesharing space. If it weren't for Uber Technologies Inc. UBER For investors, the consensus among analysts appears to be that while Tesla's autonomous vehicle (AV) ambitions are bold, the near-term …
MercadoLibre Inc MELI It is expected to report its third quarter of 2024 in late October or early November. MercadoLibre operates online marketplaces dedicated to e-commerce and online auctions. Analysts estimate adjusted earnings per share of $10.55 on revenue of $5.25 billion, according to data from Benzinga Pro. Goldman Sachs …
A better-than-expected September Consumer Price Index (CPI) report has not changed the overall market narrative of continued disinflation, nor altered expectations of a possible interest rate cut in November. Headline inflation was slightly above forecasts. However, economists and Federal Reserve officials remain focused on the broader trend of cooling price …
Insurance, regional banks, gyms, utilities, hospitals and theme parks are among the sectors that could be negatively affected when Hurricane Milton hits Florida late Wednesday or early Thursday. Here's a look at some of the sectors and stocks investors should keep an eye on ahead of Hurricane Milton. Hurricane Milton …
last month, Yuca Sciences Inc. SAVA agreed to pay more than $40 million to resolve SEC charges of misleading statements related to a Phase 2 trial of the company's controversial Alzheimer's drug, simufilam. The SEC also loaded Dear Yan Wangconsultant and co-developer of the drug, manipulating the results of the …
Better-than-expected US economic data and rising oil prices are reshaping market expectations for the Federal Reserve's November meeting. Traders, who had initially expected an aggressive 50 basis point cut, are now opting for a smaller 25 basis point move, as the odds of a potential pause in the Fed's easing …
bitcoin BTC/USD has seen a notable increase of 1.08% in the last 24 hours, approaching the $64,000 mark. This increase is attributed to positive employment data in the United States and the expected reduction in interest rates. What happened: The cryptocurrency is currently trading at $63,526, recovering from a recent …
Goldman Sachs has reduced the probability of a recession in the United States next year to 15%. This revision follows a strong September jobs report. What happened: Labor Department figures showed US job growth hit its highest level in six months, with unemployment falling to 4.1%. This change has changed …
Well-known cryptocurrency trader Capo has predicted possible significant declines for bitcoin BTC/USD and Ethereum ETH/USD. What happened: Capo, who has a large following on social media platform “There is a possibility of one last shakeup, with BTC testing the $48,000 – $50,000 zone and ETH between $1,800 – $2,000, before …
bitcoin BTC/USD is about to hit a new all-time high, according to a prominent crypto analyst. The analyst suggests that Bitcoin must overcome a significant resistance level to achieve this milestone. What happened: Bitcoin could hit a new peak if it breaks the $64,000 resistance level. Inmortal, a well-known trader, …